The Swedish krona has weakened lately, and as we do not see any near-term triggers for a marked decline in the EURSEK, we revise our forecast for Q4 to 9.60 (previously: 9.30). Moreover, we now expect the decline in the EURSEK in 2018 to be less pronounced, as the main driver, namely a turnaround in the Riksbank's policy, is not on the cards until the second half of the year.